Stellar (XLM) and Avalanche (AVAX) Now Supported by Robinhood

Popular trading app Robinhood has listed Stellar (XLM) and Avalanche (AVAX), according to a Monday announcement.

The trading platform, which is known for its conservative listing policy for digital assets, has significantly expanded its crypto offering this year. In late June, the company added support for Chainink (LINK). Prior to that, it also listed Solana (SOL), Shiba Inu (SHIB) and Polygon (MATIC) in early April.    

Robinhood dived into cryptocurrency trading in February 2018, initlaly allowing its users to trade Bitcoin and a small selection of altcoins. Meme cryptocurrency Dogecoin went live on Robinhood Crypto in July 2018. After that, the company resisted adding new tokens for almost three years in spite of the massive growth of the crypto industry. 

At the peak of the Dogecoin mania in the first quarter of 2021, the Bitcoin parody accounted for more than a third of the company’s crypto-related revenue.

Earlier this year, Robinhood started rolling out crypto wallets, allowing users to withdraw crypto from exchanges.   

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